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2013 | OriginalPaper | Chapter
Profits of Capital and Business Power, Continued
Published in: Principles of Economics
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The causes that govern Earnings of Management have not been studied with any great care till within the last fifty years. The earlier economists did not do much good work in this direction because they did not adequately distinguish the component elements of profits, but searched for a simple general law governing the average rate of profits—a law which, from the nature of the case, cannot exist.